Ministry of Finance and State Taxation Administration , PRC Value-Added Tax Law (Draft for Comments)
VAT tax period and rates are revised
December 20, 2019
Legal
China, U.S. agree terms of limited phase one trade deal; draft implementing regulations for foreign investment law approved; and draft law published on promoting China's cultural industry
December 16, 2019State Council has lowered the investment capital percentage requirements, the QFII system is streamlined and the entry conditions for foreign insurance companies are relaxed.
December 13, 2019CAC specifies procedures for reporting of cybersecurity threats
December 13, 2019Fang Zhou and Yue (Brett) Zhang of JunHe review the old regulatory system of cryptography law and how the newly introduced PRC Cryptography Law brings a more flexible approach for cipher products to flourish in China.
December 12, 2019The State Administration for Market Regulation prohibits bad faith trademark registrations
December 12, 2019New consumption tax draft law puts State Council center stage; major mobile apps caught for illegal data collection practices; and NPC launches online platform for submitting constitutional review requests
December 08, 2019China will set up a punitive damages system for intellectual property infringements
December 05, 2019Law drafts are released on value-added and consumption taxes redefining eligible taxpayers while online audio and video information service providers are required to establish a rumor refutation mechanism.
December 05, 2019Encryption security standards are set for critical information infrastructure
December 05, 2019
